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112 Royal St 1,585 SF 100% Leased Retail Building Salado, TX 76571 $550,000 ($347.00/SF)
INVESTMENT HIGHLIGHTS
- Heavy weekend foot traffic
- 2 buildings
- 100% occupancy
EXECUTIVE SUMMARY
Two commercial buildings fronting Royal Street in Salado. Own a little bit of history with the Old Red School house on Royal. Both buildings are tenant occupied to provide steady income until 2026. With over 1,250 SF combined, the possibilities abound.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$2,920
|
$1.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,920
|
$1.84
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $2,920 |
| Annual Per SF | $1.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,920 |
| Annual Per SF | $1.84 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,585 SF
Building Class
B
Year Built
1935
Price
$550,000
Price Per SF
$347.00
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.15 AC
Zoning
HD - Historic District
Parking
2 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
77’ on Royal St
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Tex 28 Outfitters
- Retailer
- -
- -
- Sep 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Tex 28 Outfitters | Retailer | - | - | Sep 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25996 | Improvements Assessment | $34,215 (2025) |
| Land Assessment | $32,987 (2025) | Total Assessment | $67,202 (2025) |
PROPERTY TAXES
Parcel Number
25996
Land Assessment
$32,987 (2025)
Improvements Assessment
$34,215 (2025)
Total Assessment
$67,202 (2025)
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112 Royal St
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